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Tuesday, November 5, 2024

2023 sees Houghton County investing $816,862 in men’s basketball teams

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Richard J. Koubek President | Michigan Technological University

Richard J. Koubek President | Michigan Technological University

Houghton County spent $816,862 on men’s collegiate basketball teams in 2023, representing a 20.6% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,591,804, with the men’s team receiving $816,862.

Since 2010, the average sports expenses in Houghton County have grown 208.6%.

Basketball is one of the most popular sports played at U.S. colleges, as well as football. NCAA basketball teams are often as popular as NBA teams, and offer a different experience for fans.

In 2022, after a decades-long fight, student-athletes nationwide gained the right to profit from their names, likenesses, and images as a result of a flurry of new state laws and an NCAA policy change.

The basketball fund received around 168.57 million dollars from NCAA revenue in 2020–21.

Men’s Basketball Team's Expenditures of Houghton County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$816,8626.8%$11,944,388
2022$1,028,7377.5%$13,717,079
2021$968,3608.5%$11,409,797
2020$912,0497.2%$12,598,816
2019$947,0617.8%$12,155,740

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